Supermarket Income REIT Ups Tesco Store Rent In Bristol By 3.9%

12th Mar 2018 13:41

LONDON (Alliance News) - Supermarket Income REIT PLC said Monday it has completed a rent review of the Tesco PLC superstore in Bristol, England, leading to an increase of 3.9%.

The store is located on Lime Trees Road in the city, and the rent will rise at the retail price index by 3.9% to GBP1.5 million.

After the review, Supermarket Income's annualised portfolio rental income will stand at GBP10.8 million.

Ben Green, a director of the company's investment adviser Atrato Capital, said: "The conclusion of this rent review underlines the attractive, annual RPI rent reviews that are a feature of all of our leases."

Supermarket Income shares were flat on Monday at a price of 100.50 pence each.

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